Analyzing and Interpreting Pension Disclosures Plan Assets and Cash Flow YUM Brands, Inc , discloses the following pension footnote in its 10 K report a How does the actual return on plan assets of $144 million affect YUM 's reported profits for 2012 b What are the cash flow implications of the pen...

The Answer is in the image, click to view ...

Analyzing and Interpreting Pension Disclosures-Plan Assets and Cash Flow YUM! Brands, Inc., discloses the following pension footnote

Question:

Analyzing and Interpreting Pension Disclosures-Plan Assets and Cash Flow YUM! Brands, Inc., discloses the following pension footnote in its 10-K report. image text in transcribed

a. How does the "actual return on plan assets" of \$144 million affect YUM!'s reported profits for 2012?

b. What are the cash flow implications of the pension plan for YUM! in 2012?

c. YUM!'s pension plan paid out $\$ 14$ million in benefits during 2012. Where else is this payment reflected?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial And Managerial Accounting For MBAs

ISBN: 9781618533593

6th Edition

Authors: Peter D. Easton

See More Books

Question Posted: Mar 03, 2024 06:02 AM

See More Questions

A small manufacturer uses an industrial boiler in its production process. A new boiler can be purchased for $10,000. As the boiler gets older, its maintenance expenses increase while its resale value...
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
Amrito Corporation is under financial distress and raises debt because it has several projects that are expected to generate profit in the future. When calculating its weighted average cost of...
Write an article on "Marriage and Divorce" related to American women's history and evaluate whether or not your article has been helpful or harmful to women.
At 298 K, the f G values for Li 2 O(s) and Li 2 O 2 (s) suggest that Li 2 O 2 (s) is thermodynamically more stable than Li 2 O(s). At 1000 K, however, the situation is reversed. The standard Gibbs...
Flatter organisational structures which decentralise decision making and empower employees will almost always be more efficient than highly centralised organisations with tall hierarchies. LO5
The following data pertains to the operations of Knight Corporation for 2012: The controller is trying to decide which method of accounting for bad debts to use. The company is attempting to maximize...
The only from AGI deductions are the standard deduction and itemized deductions. True or False
Abercrombie \& Fitch Co. discloses the following footnote relating to its retirement plans in its 2012 10-K report. a. Does Abercrombie have a defined contribution or defined benefit pension plan?...
YUM! Brands, Inc., discloses the following pension footnote in its $10-\mathrm{K}$ report. a. Explain the terms "service cost" and "interest cost." b. How do actuarial losses arise? c. The fair...
A thin, homogeneous wire is bent to form the perimeter of the figure indicated. Locate the center of gravity of the wire figure thus formed. 5 m 245m
Design a clocked D flip-flop, using a modified ECL circuit design, such that the output becomes valid on the negative-going edge of the clock signal.
An L2 steel strap having a thickness of 0.125 in. and a width of $2 \mathrm{in}$. is bent into a circular arc of radius $600 \mathrm{in}$. Determine the maximum bending stress in the strap.
Cars traveling from Canada to the United States through the Thousand Islands Border Crossing must stop for US Customs and Immigration. During the stop, each passenger in the car must present a...
Gasoline is pumped through a 2 in. sch 40 pipeline upward into an elevated storage tank at $60^{\circ} \mathrm{F}$. An orifice meter is mounted in a vertical section of the line, which uses a DP cell...
Change the recurring costs in Problem and Exercise 3 to $40,000 and redo the analysis. Problem and Exercise 3 Assume you are put in charge of launching a new website for a local nonprofit...
Discuss the difference between a refundable tax credit and a nonrefundable tax credit. Give at least one example of each type of credit.
What is the order p of a B + -tree? Describe the structure of both internal and leaf nodes of a B + -tree.
Heineken N.V. reports the following information for its loans and borrowings as of December 31, 2016, including proceeds and repayments for the year ended December 31, 2016 (euros in millions). 1....
Duval Co. issues four-year bonds with a $100,000 par value on January 1, 2018, at a price of $95,952. The annual contract rate is 7%, and interest is paid semiannually on June 30 and December 31. 1....
The equity sections from Hovo Corporation?s 2017 and 2018 balance sheets follow. The following transactions and events affected its equity during year 2018. Feb. 15 Declared a $0.40 per share cash...
Columbus Industries makes a product that sells for $37 a unit. The product has a $29 per unit variable cost and total fixed costs of $10,000. At budgeted sales of 1,950 units, the margin of safety...
18. Suppose that Maxima shares are selling for $10 per share and you own a call option to buy Maxima shares at $7.50. The intrinsic value of your option is:
ABC Insurance Company reported the following information on its accounting statements last year: What was ABC 's expense ratio last year

Analyzing and Interpreting Pension Disclosures-Plan Assets and Cash Flow YUM! Brands, Inc., discloses the following pension footnote

Question:

Step by Step Answer:

Financial And Managerial Accounting For MBAs

Students also viewed these Business questions